FirstService Corporation $FSV Stock Holdings Lifted by Captrust Financial Advisors

Captrust Financial Advisors grew its position in FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 247,931 shares of the financial services provider’s stock after purchasing an additional 7,136 shares during the period. Captrust Financial Advisors owned about 0.54% of FirstService worth $47,228,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPL Wealth Management LLC bought a new stake in shares of FirstService in the 3rd quarter valued at approximately $26,000. Geneos Wealth Management Inc. lifted its stake in FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 79 shares during the last quarter. Strs Ohio bought a new stake in FirstService in the first quarter worth approximately $38,000. EverSource Wealth Advisors LLC grew its position in FirstService by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 292 shares in the last quarter. Finally, Spire Wealth Management increased its stake in shares of FirstService by 300.0% during the 3rd quarter. Spire Wealth Management now owns 400 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 300 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Stock Performance

NASDAQ:FSV opened at $140.83 on Thursday. FirstService Corporation has a 52-week low of $139.60 and a 52-week high of $209.66. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 3.83 and a beta of 1.05. The firm’s 50-day moving average is $155.20 and its 200-day moving average is $165.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.73 and a current ratio of 1.73.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. FirstService had a return on equity of 18.69% and a net margin of 2.64%.The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. Equities research analysts anticipate that FirstService Corporation will post 5.27 earnings per share for the current year.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.305 per share. This is a boost from FirstService’s previous quarterly dividend of $0.28. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 31st. FirstService’s dividend payout ratio (DPR) is presently 34.81%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FSV shares. TD Securities reaffirmed a “buy” rating and issued a $217.00 price objective on shares of FirstService in a research note on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating and set a $202.00 target price on shares of FirstService in a research report on Thursday, February 5th. Wall Street Zen upgraded FirstService from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstService in a research report on Monday, December 22nd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $211.67.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.